New Delhi, May 15 -- India's market regulator, the Securities and Exchange Board of India (SEBI), is planning to implement stricter regulations for public share offerings by small and medium enterprises (SMEs) later this year, according to sources familiar with the matter.
The move comes after complaints of misuse of the dedicated SME listing platform introduced in 2012 to facilitate capital raising by smaller businesses.
The forthcoming rules, to be issued after consultations with stakeholders, are expected to raise the minimum size of SME public offerings to between 300 million and 500 million Indian rupees (USD 3.59 million-USD 5.99 million).
Currently, there is no prescribed minimum issue size, though listed SMEs must maintain a p...